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Passur Aerospace Inc   (PSSR)
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    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 



EARNINGS REPORT by CSIMarket

Passur Aerospace Inc recognizes $10 million charge

Company reports $-11.731 million loss, as impairment charges strip off $10 million from the second quarter 2020 results.

Boeing_Everett_By Piergiuliano_Chesi_(Own_work_from_slide)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonFor the second quarter 2020 Passur Aerospace Inc increased losses of $-1.52 per share compare to $-0.15 a year ago and increased losses from $-0.08 per share from the previous quarter.

Sales declined in double digits by -12.53 % to $3 millions from $4 millions in the same quarter a year ago and sequentially Sales fell by -24.77 % from $4 millions.



For the second quarter 2020 Passur Aerospace Inc realized net loss of $-11.731 million, bigger than $-1.132 million a year ago.

Company's $10 million impairment of assets, was mainly responsible for the second quarter 2020 loss, but without it, Passur Aerospace Inc would still struggle to break even.


Passur Aerospace Inc is expected to report next financial results on September 11, 2020.


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Other PSSR's Earnings Reports

Passur Aerospace Inc reported first quarter 2019 earnings

Passur Aerospace Inc reported fourth quarter 2019 earnings

Passur Aerospace Inc reported third quarter 2019 earnings

       
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